Soy Foods Market: Overview
East Asian in origin, soybean is a type of legume that is high in protein, vitamin C, and folate yet low in saturated fats. It is a good source of omega-3 fatty acids, calcium, magnesium, potassium, phosphorus, fibre, and iron. It provides a number of health advantages due to its nutrient content, including lowering blood cholesterol levels, boosting bone density, and reducing the risk of contracting cancer. It is frequently used as a meat substitute in many cuisines and is included in a number of vegan-friendly food items. The global soy food industry is expanding due to the growing demand for plant-based diets.
Numerous items, such as soymilk, soy flour, tofu, tamari, tempeh, edamame, miso, natto, and teriyaki, are made from soybeans. Tofu is currently more popular than ever, especially among vegan and vegetarian consumers. Cheese can still be ingested by people who are lactose intolerant thanks to this fantastic alternative. Tofu’s growing popularity can also be attributed to the fact that it resembles meat in shape, colour, flavour, and texture. Other soy food products, like snacks and beverages, are also seeing a steady increase in demand globally as a result of consumers’ increased attention to their health.
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Soy fortified goods are foods and drinks that have been enhanced with soy protein. Because of its robust nutritional profile, notably its high protein content, food and beverage manufacturers are interested in employing soybean fortification. Among the various fortified soy products available, which include a huge variety of foods and beverages, are soy flour, soy milk, soy yoghurt, and soy cheese. The market for products made from fortified soy has expanded more quickly in recent years. Over the course of the projection period, the market for soy fortified products is anticipated to expand more quickly. The market for soy-fortified products is expected to grow in response to rising vegan demand. As the number of vegans and vegetarians rises, it is anticipated that demand for products fortified with soy will rise.
Global Soy Foods Market: Major Players
Dean Foods
Freedom Food Group
Archer Daniels Midland
DuPont
WHITEWAVE FOODS
Eden Foods
Cargill
SunOpta
Hain Celestial
Pacific Foods
Blue Diamond Growers
Northern Soy
Global Soy Foods Market: Types
Whole Soy Food
Soy Additives
Soy Oil
Global Soy Foods Market: Applications
Hypermarkets and Supermarkets
Food Specialists
Convenience Stores
Online Retailers
Others
Market Trends:
Around 80% of the world’s soybeans are processed into soybean oil and soybean meal, and around 95% of the time, soybean meals are converted into animal feed. Food and beverage products are made from soybeans through processing. Because of soy’s many nutritional advantages, including its high protein and fibre content and complete lack of cholesterol, soy cuisine has grown in popularity. Market sellers of soy products include fermented and unfermented whole soy food items, soy as food additives or ingredients, and soy oil. Nowadays, traditional soy products like tofu and soy milk are easily accessible in shops all over the world. Asia-Pacific is the most important region in the global soy food market, followed by North America and Europe. According to projections, the markets for soy food products in Asia-Pacific and Latin America are growing at the quickest rates. Whole soy food is the market sector with the quickest growth. An growth in the older population and growing awareness of weight health are driving the global market for soy food products.
Key Benefits:
• The current market is quantitatively analyzed from 2023 to 2032 to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• This study presents the analytical depiction of the dairy packaging industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years
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Questions Answered in this Report:
• Which will be the niches at which players profiling with recent advancements should set a presence?
• What are the driving factors and opportunities in the market?
• What are the current trends and predicted trends?
• What are the driving factors, restraints, and opportunities in the market?
• Which are the leading players active in the market?
• What are the current trends that will influence the market in the next few years?
• What future projections would help in taking further strategic steps?
• What is market prediction in the future?
